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What is the effect on the Fundamental Equation of Accounting from a receipt of payment for a previously accrued revenue? a. Assets decrease and Owners'

What is the effect on the Fundamental Equation of Accounting from a receipt of payment for a previously accrued revenue?

a. Assets decrease and Owners' Equity decreases.

b. Assets decrease and Liabilities decrease.

c. None of the listed answers.

d. Assets increase and Owners' Equity increases.

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